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Lottery and betting taxable under GST Act: SC
Why is it in news?
- The Supreme Court recently held that lottery, gambling and betting are taxable under the Goods and Services Tax (GST) Act.
- Court said it in response to the arguments made by Skill Lotto Solutions and other lottery agents that lottery was not ‘goods’ and GST on it was illegal.
From Supreme Court:
- Lottery, betting and gambling were “actionable claims” and came within the definition of ‘goods’ under Section 2(52) of the Central Goods and Services Tax Act, 2017.
- The levy of GST on lotteries did not amount to “hostile discrimination”.
- Lottery, betting and gambling are well known concepts and have been in practice in this country since long.
- State regulation, including taxation in one form or other, on lottery, betting and gambling, had been in existence for decades.